Interim report
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www.rbl.bank.in RBL Bank Limited Controlling Office: One World Center, Tower 2B, 6th Floor, 841 Senapati Bapat Marg, Lower Parel, Mumbai - 400 013, Maharashtra, India I Tel:+91 22 43020600 Registered Office: 1st Lane, Shahupuri, Kolhapur - 416001, India I Tel.: +91 231 6650214 CIN: L65191PN1943PLC007308 . E-mail: customercare@rbl.bank.in October 12, 2026 BSE Limited, 1st Floor, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001 Scrip Code: 540065 National Stock Exchange of India Limited, Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E) Mumbai -400051 Scrip Name: RBLBANK Reg: Disclosure under relevant provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI Listing Regulations”) Sub: Outcome of Board Meeting Dear Sir/Madam, Pursuant to the applicable provisions of the SEBI Listing Regulations, this is to inform you that the Board of Directors of RBL Bank Limited (“the Bank”) at its meeting held today i.e. on October 12, 2026, has, inter-alia approved the unaudited standalone and consolidated financial results of the Bank, for the quarter and half year ended September 30, 2026, duly considered and recommended by the Audit Committee of the Board. The Board also took note of the Limited Review Reports on unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, by the Joint Statutory Auditors M/s. KKC & Associates LLP, Chartered Accountants (Firm Registration No. 105146W/W100621) and M/s. Singhi and Co., Chartered Accountants (Firm Registration No. 302049E) on the aforesaid financial results. We enclose herewith the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, along with the Limited Review Reports as mentioned above. Same is enclosed as Annexure I Further, in compliance with the Regulation 46(2) of SEBI Listing Regulations, the information is being hosted on the Bank's Website at https://www.rbl.bank.in/. The meeting of the Board of Directors commenced at 2:04 p.m. and consideration of the item as mentioned above along with few other matters, concluded at 4:28 p.m. The proceedings of the Board Meeting are in progress at the time of filing of this disclosure. Kindly take the same on record. Thanking you, Yours faithfully, For RBL Bank Limited Niti Arya Company Secretary Encl: As above
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bRBLBANK apno ka bank (S~bsidiary Df Emirates NBD Bank P.J.S C j RBL Bank Limited Registered Office: 'Mahaveer', 179/E Ward, Shri Shahu Market Yard, Kolhapur - 416005 Corporate Office: One World Center, Tower 2B, 6th Floor, 841, Senapati Ba pat Marg, Lower Pa rel (W), Mumbai - 400013 Tel.: +9122 4302 0600, Fax: +9122 4302 0520 Website: www.rbl.bank.in I E-mail: investorg rievances@rbl.bank.in I CIN: L65191PN1943PLC007308 UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026 (~ in lakh) Standalone . Sr. Particulars Quarter ended Half Year ended Year ended No. 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited 1 Interest earned (a)+(b)+(c)+{d) 432,209 384,025 350,747 816,234 694,8S6 1,433,555 (a) Interest/discount on advances/bills 335,410 310,714 286,783 646,124 564,028 1,165,995 (b) Income on investments 74,484 53,839 52,083 128,323 106,885 214,544 (c) Interest on balances with Reserve Bank of India and other inter-bank 17,786 14,442 6,363 32,228 13,157 32,271 funds (d) Others 4,529 5,030 5,518 9,559 10,786 20,745 2 Other Income (Refer Note 6) 107,736 95,943 93,270 203,679 200,218 412,140 3 Total Income (1+2) 539,945 479,968 444,017 1,019,913 895,074 1,845,695 4 Interest expended 219\116 218,580 195,679 437,696 391,722 797,601 5 Operating Expenses (i)+(ii) 181,216 169,109 175,499 350,325 360,218 718,179 (i) Employees cost 55,899 51,613 48,482 107,512 95,946 194,406 (ii) Other operating expenses 125,317 117,496 127,017 242,813 264,272 523,773 6 Total Expenditure (4+5) excluding provisions and contingencies 400,332 387,689 371,178 788,021 751,940 1,515,780 7 Operating Profit before provisions and contingencies (3-6) 139,613 92,279 72,839 231,892 143,134 329,915 8 Provisions (other than tax) and Contingencies 76,653 59,928 49,970 136,581 94,202 225,961 9 Exceptional Items - - - - - - 10 Profit (+)/Loss(-) from ordinary activities before tax (7-8-9) 62,960 32,351 22,869 95,311 48,932 103,954 11 Tax expense 14,783 6,981 5,017 21,764 11,047 21,710 12 Net Profit (+)/Loss(-) from ordinary activities after tax (10-11) 48,177 25,370 17,852 73,547 37,885 82,244 13 Extraordinary items (net of tax - - - - - -expense) 14 Net Profit (+)/Loss(-) for the period - (12-13) 48,177 25,370 17,852 73,547 37,885 82,244 15 Paid-up equity share capital (Face Value of~ 10/- each) 155,164 154,856 61,302 155,164 61,302 61,811 16 Reserves excluding revaluation reserves 1,598,631 Page 1 of 12
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bRBLBANK apno ka bank (Subsjdlary of Emirates NBD Bank P J 5 C) Standalone Sr. Particulars Quarter ended Half Year ended Year ended No. 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited 17 Analytical Ratios (i) Percentage of shares held by Nil Nil Nil Nil Nil Nil Government of India (ii) Capital adequacy ratio(%) - 30.10 33.28 14.71 30.10 14.71 14.25 under Basel Ill {Refer Note 5) (iii) Earnings Per Share (EPS) - (Basic and Diluted)~ (a) - Basic EPS before/after 3.11 3.38 2.92 6.38 6.21 13.42 extraordinary items (not annualized) (b) - Diluted EPS before/after 3.09 3.33 2.88 6.32 6.14 13.18 extraordinary items (not annualized) (iv) NPA Ratios {Refer Note 15) (a) Gross NPA 145,612 152,159 237,756 145,612 237,756 167,495 Net NPA 41,543 42,610 57,241 41,543 57,241 44,273 (b) Gross NPA % 1.02 1.30 2.32 1.02 2.32 1.45 Net NPA % 0.29 0.37 0.57 0.29 0.57 0.39 (v) Return on Assets% (annualised) 0.92 0.57 0.48 0.76 0.51 0.53 (vi) Net worth 1 . 4,206,136 4,207,897 1,497,696 4,206,136 1,497,696 1,601,370 (vii) Outstanding redeemable preference - - - - - -shares (viii) Capital Redemption Reserve - - - - - - (ix) Debt- equity ratio 2 0.31 0.23 0.95 0.31 0.95 1.01 (x) Total debts to Total Assets2 6.01% 5.28% 9.89% 6.01% 9.89% 9.29% 1. Net worth is computed as per the Reserve Bank of India {"RBI") Direction No. RBI/DOR/2025-26/163 DOR.LRG.No.82/13°10-001/2025-26-RBI (Commercial Banks - Asset Liability Management) Directions, 2025 dated November 28, 2025. {including AFS and Cash Flow Rese~ves). 2. Debts represent the total borrowings; Equity represents total share capital, employees stock options outstanding and reserves. UNAUDITED STANDALONE STATEMENT OF ASSETS AND LIABILITIES (~ in Lakh) As at As at As at Particulars 30.09.2026 30.09.2025 31.03.2026 Unaudited Unaudited Audited CAPITAL AND LIABILITIES Capital 155,164 61,302 61,811 Employees stock options outstanding 18,947 16,970 17,527 Reserves and Surplus 4,159,638 1,524,706 1,581,152 Deposits 15,627,197 11,666,739 13,901,758 Borrowings 1,336,874 1,522,421 1,679,449 Other Liabilities and Provisions 936,573 606,633 826,784 Total 22,234,393 15,398,771 18,068,481 ASSETS Cash and Balances with Reserve Bank of India 1,024,683 1,083,881 1,401,160 Balances with banks and money at call and short notice 1,554,627 387,745 905,277 Investments (Net) 4,292,799 2,881,399 3,207,823 Advances (Net) 14,231,408 10,052,857 11,423,194 Fixed Assets 53,901 54,365 56,596 Other Assets 1,076,975 938,524 1,074,431 Total 22,234,393 15,398,771 18,068,481 - e:,HI ~ I 8 - ~ K l.1.,i'l ~0 - ; ~ ~I 'o-=,SO ci ....., ,A <\::l-' c9,..., I[ M ~ AI \8 ) ! 0 Ch~ red ~ ) Page 2 of 12 ~I! :,...~ ~ Accountants ::::: 0redAcco"v-"' ~ "O /. -
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RBLBANK apno ka bank (Subsidiary of Ernlrates NBD Bank P.J.S C.j UNAUDITED STANDALONE SEGMENT REPORTING FOR THE QUARTER AND HALF VEAR ENDED SEPTEMBER 30, 2026 (~ in lakh) Standalone Sr. Particulars Quarter ended Half Year ended Year ended No. 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited 1 Segment Revenue (a) Corporate/Wholesale Banking 243,404 217,526 182,831 460,930 356,242 750,095 (b) Retail Banking 448,964 419,777 414,328 868,741 807,826 1,650,368 (i) Digital Banking . - - - - - - (ii) Other Retail Banking 448,964 419,777 414,328 868,741 807,826 1,650,368 (c) Treasury 321,195 274,832 238,842 596,027 502,244 1,009,680 (d) Other Banking Operations 7,870 5,489 6,495 13,359 11,326 31,221 Total [Items (a) to (d)] 1,021,433 917,624 842,496 1,939,057 1,677,638 3,441,364 Less: Inter Segment Revenue 481,488 437,656 398,479 919,144 782,564 1,595,669 Total Income 539,945 479,968 444,017 1,019,913 895,074 1,845,695 2 Segment Results (Profit (+)/Loss(-) before tax) (a) Corporate/Wholesale Banking 25,199 21,855 19,260 47,054 30,939 81,841 (b) Retail Banking (18,093) (8,128) (2,147} (26,221) (18,799) (46,157) (i) Digital Banking . - - - - - - (ii) Other Retail Banking (18,093) (8,128) (2,147} {26,221) {18,799} {46,157) (c) Treasury 47,980 13,128 (779) 61,108 25,427 37,014 (d) Other Banking Operations 7,870 5,489 6,495 13,359 11,326 31,221 Total [Items (a) to (d)] 62,956 32,344 ZZ,829 95,300 48,893 103,919 Less: i) Un-allocable income (4) (7) (40) (11) (39) (35) Total Profit/(Loss) Before Tax 62,960 32,351 ZZ,869 95,311 48,932 103,954 3 Segment Assets Corporate/Wholesale Banking 7,550,160 6,297,516 4,770,119 7,550,160 4,770,119 5,617,842 Retail Banking 6,917,347 5,554,666 5,471,375 6,917,347 5,471,375 6,056,737 (i) Digital Banking . - - - - - - (ii) Other Retail Banking 6,917,347 5,554,666 5,471,375 6,917,347 5,471,375 6,056,737 Treasury 7,438,526 6,368,371 4,956,994 7,438,526 4,956,994 5,935,107 Other Banking Operations 4,280 4,662 3,331 4,280 3,331 5,448 Unallocated 324,080 330,360 196,952 324,080 196,952 453,347 Total 22,234,393 18,555,575 15,398,771 22,234,393 15,398,771 18,068,481 4 Segment Liabilities Corporate/Wholesale Banking 6,326,366 5,024,090 4,823,936 6,326,366 4,823,936 5,952,639 Retail Banking 9,829,279 7,922,718 7,168,865 9,829,279 7,168,865 8,011,453 (i) Digital Banking . - - - - - - (ii) Other Retail Banking 9,829,279 7,922,718 7,168,865 9,829,279 7,168,865 8,011,453 Treasury 1,743,230 1,300,373 1,799,897 1,743,230 1,799,897 2,442,558 Other Banking Operations 425 672 640 425 640 794 Unallocated 1,344 20,056 2,455 1,344 2,455 547 Capital and Reserves 4,333,749 4,287,666 1,602,978 4,333,749 1,602,978 1,660,490 Total 22,234,393 18,555,575 15,398,771 22,234,393 15,398,771 18,068,481 Business Segments have been identified and reported taking into account the target customer profile, the nature of products and services, the differing risks and returns, the organisation structure, the internal business reporting structure, guidelines prescribed by the RBI and in accordance with the Accounting Standard 17- "Segment Reporting". *The Bank do not have any Digital Banking Units (DBUs) as mentioned in the RBI circular dated April 7, 2022. The disclosure in respect to sub-segment DBU within the retail banking segment is hence nil for the periods pertaining to the current and previous financial year. Page 3 of 12
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b RBLBANK apno ka bank (Subsidiary of Emirat es NBD Sank P_J SC J UNAUDITED STANDALONE CASH FLOW STATEMENT (~ in Lakh) Half Year ended Half Year ended Year ended Particulars 30.09.2026 30.09.2025 31.03.2026 Unaudited Unaudited Audited I Cash Flow from Operating Activities Net Profit/(Loss) for the Year/period (before taxes) 95,311 48,932 103,954 Adjustments for :- (Less)/ Add : (Profit)/ Loss on Sale of Fixed Assets (Net) (11) 5 9 Add : Non-Cash Expenditure Depreciation on Fixed Assets 10,842 11,549 23,387 Revaluation of investments 7,602 4,634 4,729 Provision/ write-off of non performing advances 156,055 134,339 280,959 Provision for standard assets and contingencies 5,694 (18,444) (11,495) Provision for investments (226) (235) (576) ESOP Reserve 4,112 2,957 6,283 Other provisions 23 78 395 Cash Flow before changes in Working Capital 279,402 183,815 407,645 Adjustments for working capital changes:- lncrease/(Decrease) in Deposits 1,725,438 572,386 2,807,405 lncrease/(Decrease) in Other Liabilities 104,072 (19,133) 193,751 (Decrease)/lncrease in Deposits placed having original maturity (136,653) (11,709) 4,274 greater than 3 months {lncrease)/Decrease in Investments (1,092,723) 328,708 2,440 (lncrease)/Decrease in Advances (2,964,269) (925,370) (2,442,327) (lncrease)/Decrease in Other Assets 13,140 (60,175) (201,132) Direct Taxes paid (32,458) (7,429) (14,355) Net cash flow (used in)/ from Operating Activities (2,104,051) 61,093 757,701 II Cash Flow from Investing Activities Addition to Fixed Assets and CWIP (8,480) (8,649) (23,186) Sale of Fixed Assets 343 445 908 Net cash flow (used in)/ from Investing Activities (8,137) (8,204) (22,278) Ill Cash Flow from Financing Activities Proceeds of share issue (including ESOPs) 2,606,016 7,114 15,976 Net Proceeds/ (repayments) from borrowings (342,575) 149,036 306,065 Dividend paid (15,501) (6,126) (6,126) Net cash flow (used in)/ from Financing Activities 2,247,940 150,024 315,915 IV Effect of exchange fluctuation on translation reserve 466 1,043 3,412 V (Decrease)/ Increase during the Year/period 136,218 203,956 1,054,750 VI Opening Cash and Cash Equivalents* 2,306,433 1,251,683 1,251,683 VII Closing Cash and Cash Equivalents* 2,442,651 1,455,639 2,306,433 * Includes Cash and Balances with Reserve Bank of India and Balances with banks and money at call and short notice except deposits with original maturity greater than 3 months. Page 4 of 12
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RBLBANK apno ka bank (Sub~'diary of Emirates NBD Bank P J 5 Ci Notes: 1. The above standalone financial results have been reviewed by the Audit Committee and subsequently approved by the Board of Directors of the Bank ("Board") at its meeting held at Mumbai on October 12, 2026. 2. The standalone financial results fcir the quarter and half year ended September 30, 2026 and September 30, 2025 have been subjected to a "Limited Review" by the joint statutory auditors - KKC & Associates LLP, Chartered Accountants and Singhi & Co., Chartered Accountants who have issued an unmodified conclusion thereon. The standalone financial results for the year ended March 31, 2026 were audited by the joint statutory auditors - KKC & Associates LLP, Chartered Accountants and Singhi & Co., Chartered Accountants who have issued an unmodified audit opinion thereon. 3. The Bank has applied its significant accounting policies, in the preparation of these financial results, consistent with those followed in the annual financial statements for the year ended March 31, 2026. Any circular/direction issued by the RBI is implemented prospectively when it becomes applicable, unless specifically required under those circulars/directions. 4. The Board at its meeting held on October 18, 2025, approved the preferential allotment of equity shares to Emirates NBD Bank (P.J.S.c.) ("Emirates NBD"), representing 60% of the post-issue paid-up equity share capital of the Bank, and the Bank and Emirates NBD subsequently entered into an Investment Agreement (as amended). Pursuant to the approval granted by the RBI on April 1, 2026, Emirates NBD invested ~26,015.77 crore through the preferential allotment of 929,134,820 equity shares at ~280/- per share on June 18, 2026. In accordance with applicable regulations, Emirates NBD also completed a mandatory open offer to the public shareholders of the Bank. Following completion of the transaction, Emirates NBD holds 60% of the expanded paid-up equity share capital of the Bank, has been classified as its promoter, and the Bank has become a subsidiary of Emirates NBD. Further, the Board has, at its meeting held on October 18, 2025, approved a Scheme of Amalgamation of Emirates NBD Bank (P.J.S.c.) - India Branch with and into the Bank under Section 44A of the Banking Regulation Act, 1949 ('Scheme of Amalgamation'), with an appointed date of April 1, 2026, or such other date as may be fixed mutually by Emirates NBD Bank (P.J.S.C.) - India Branch and the Bank and sanctioned by the RBI subject to receipt of requisite statutory and regulatory approvals. The Scheme of Amalgamation was approved by the shareholders of the Bank at the Extraordinary General Meeting held on November 12, 2025 and is subject to RBI approval for which an application has been made by the Bank and Emirates NBD Bank (P.J.S.C.)- India Branch. 5. In accordance with RBI Direction RBl/2026-27 /79 DOR.CAP.REC.No.68/21.01.002/2026-27 dated May 8, 2026, the Bank has included the profits earned during the quarter and half year ended September 30, 2026, for the purpose of computing its Capital to Risk-Weighted Assets Ratio (CRAR). 6. Other Income includes commission income from non-fund based banking activities, fees, earnings from foreign exchange and derivative transactions, and profit and loss (including revaluation) from investments. 7. The financial results are arrived after considering provision for standard assets including requirements for exposures to entities with Un-hedged Foreign Currency Exposures, Non-Performing Assets (NPAs), and provision on investments, income-tax and other necessary prov isions. 8. During the quarter and half year ended September 30, 2026, the Bank allotted 3,084,448 and 4,396,25.7 shares respectively pursuant to the exercise of stock options under its Employees Stock Option Scheme. 9. Position of accounts restructured under Resolution Framework for COVID-19 related stress as of September 30, 2026 (Resolution Framework - 1.0 and Part A of Resolution Framework 2.0) Type of borrower Exposure to accounts Of(A), Of(A) Of(A) classified as Standard aggregate amount amount paid consequent to debt that implementation of slipped into resolution plan - Position as NPA during at 31.03.2026 (A)1 Hl FY27 Personal Loans 57.22 2.73 Corporate persons* 13.13 - Of which, MSMEs - - Others 8.92 - Total 79.27 2.73 *As defined in Section 3(7) of the Insolvency and Bankruptcy Code, 2016 1 represents fund based outstanding balance of standard accounts written off during Hl FY27 2 1.33 - - - 1.33 2 represents debt that slipped into NPA and was subsequently written off during Hl FY27 3 net of increase in exposure during the period by the borrowers during Hl FY27 3 11.91 0.88 - 0.23 13.02 (tin crore) Exposure to accounts classified as Standard consequent to implementation of resolution plan - Position as at 30.09.2026 1 42.58 12.25 - 8.69 63.52 Page 5 of 12
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RBLBANK apno ka bank (Subsidiary :1f EmJrotes NBD Bani< P.J.S C i 10. Details of loans not in default and stressed loans (NPA and SMA accounts) transferred/acquired during the quarter ended September 30, 2026 under the RBI Master Direction are given below: a. i) The Bank has not transferred any stressed loans (NPA and SMA accounts) during the quarter ended September 30, 2026. ii) Detail of rating-wise distribution of SRs held by the Bank as at September 30, 2026: ('( in crore) Rating NAV estimate% Book value RR1+ Above 150% 7.62 RR1 Above 100% u pto 150% 106.26 b. The Bank has not acquired any stressed loans (NPA and SMA accounts) during the quarter ended September 30, 2026. c. The Bank has not transferred loan not in default during the quarter ended September 30, 2026. d. Details of loans not in default acquired through assignments during the quarter ended September 30, 2026 are given below : Aggregate amount of loan acquired ('( in crore) 1,120.79 Weighted average residual tenor of the loans acquired (in months) 45 Weighted average holding period by originator (in months) 7 Retention of beneficial economic interest by the originator 10% Tangible security coverage 100% secured The loans acquired are not rated as these are retail loans. 11. The disclosure related to Co-Lending Arrangements (CLAs) on an aggregate basis under the Reserve Bank of India (Commercial Banks - Transfer and Distribution of Credit Risk) Directions, 2025 dated November 28, 2025 is given below: (~ in crore, except percentage) Particulars As at September 30, 2026 Amount of Gross outstanding(~) 425.87 Weighted average rate of interest(%) 9.17% Fees charged/paid during the quarter (~) 1.23 Broad sectors in which CLA was made Housing loan, Loan against property, Loan against ornaments/jewellery Performance of loans under CLA (~) • Standard loans 425.87 • Non-Performing loans - Details related to default loss guarantee (~) Not applicable Page 6 of 12
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RBLBANK apno ka bank (Sub!:idiory of Emirates NBD Bonk P.J S C i 12. The disclosure related to Project under implementation for the quarter ended September 30, 2026 under the RBI Master Direction on Reserve Bank of India (Commercial Banks - Financial Statements: Presentation and Disclosures) Directions, 2025 dated November 28, 2025 is given below : (~ in crore) Sr. Particulars Number of Total No. accounts outstanding 1 Projects under implementation accounts at the beginning of the quarter 57 2,333.07* la Movement in balance of accounts existing at the beginning of the quarter 184.71 lb Accounts paid off from accounts existing at the beginning of the quarter 1 43.75* 2 Projects under implementation accounts sanctioned during the quarter 8 243.73# 3 Projects under implementation accounts where DCCO has been achieved during the quarter 5 187.51 * 4 Projects under implementation accounts at the end of the quarter (l+la-lb+2-3) 59 2,530.25# 5 Out of '4' - accounts in respect of which resolution process involving extension in 3 103.47# original/extended DCCO has been invoked 5.1 Out of '5' - accounts in respect of which Resolution plan has been implemented 3 103.47# 5.2 Out of '5' - accounts in respect of which Resolution plan is under implementation - - 5.3 Out of '5' - accounts in respect of which Resolution plan has failed - - 6 Out of '5', accounts in respect of which resolution process involving extension in - - original/extended DCCO has been invoked due to change in scope and size of the project 7 Out of '5', account in respect of which cost overrun associated with extension in - - original/extended DCCO was funded 7.1 Out of '7', accounts where SBCF was sanctioned during financial closure and renewed - - continuously 7.2 Out of '7', accounts where SBCF was not pre-sanctioned or renewed continuously - - 8 Out of '4' - accounts in respect of which resolution process not involving extension in - - original/extended DCCO has been invoked 8.1 Out of '8' - accounts in respect of which Resolution plan has been implemented - - 8.2 Out of '8' - accounts in respect of which Resolution plan is under implementation - - 8.3 Out of '8' - accounts in respect of which Resolution plan has failed - - *total outstanding 1s as of June 30, 2026. #total outstanding is as of September 30, 2026. 13. As at September 30, 2026, the Bank has one (1) wholly owned subsidiary. 14. In accordance with RBI guidelines, consolidated Pillar 3 disclosure, leverage ratio, liquidity coverage ratio and net stable funding ratio will be available on the Bank's website at the following link : http://www.rbl.bank.in/Base1Disc1osures.aspx. These disclosures have not been subjected to audit or review by the joint ·statutory auditors. 15. The disclosures for NPA referred to in point 17 (iv) above correspond to Non-Performing Advances. 16. Previous period/year figures have been regrouped/reclassified, where necessary to conform to current period classification . Place: Mumbai For RBL Bank Limited Date: October 12, 2026 aniakumar g Director & CEO Page 7 of 12
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RBLBANK apno ka bank (Subsidiary of Emirates NBD Bank P.J SC i UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026 (~ in lakh) Consolidated Sr. Particulars Quarter ended Half year ended Vear ended No. 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Una~dited Unaudited Unaudited Unaudited Unaudited Audited 1 Interest earned (a)+(b)+(c)+(d) 432,210 384,024 350,792 816,234 694,910 1,433,675 (a) Interest/discount on advances/bills 335,410 310,714 286,783 646,124 564,028 1,165,995 (b) Income on investments 74,484 53,839 52,083 128,323 106,885 214,549 (c) Interest on balances with Reserve Bank 17,786 14,442 6,363 32,228 13,157 32,271 of India and other inter-bank funds (d) Others 4,530 5,029 5,563 9,559 10,840 20,860 2 Other income (Refer Note 6) 107,955 92,204 93,367 200,159 200,506 412,718 3 Total Income (1+2) 540,165 476,228 444,159 1,016,393 895,416 1,846,393 4 Interest expended 219,072 218,499 195,636 437,571 391,679 797,466 5 Operating expenses (i)+(ii) 179,432 166,830 174,036 346,262 357,271 712,366 (i) Employees cost 67,136 63,023 60,553 130,159 120,540 243,194 (ii) Other operating expenses 112,296 103,807 113,483 216,103 236,731 469,172 6 Total expenditure (4+5) excluding 783,833 748,950 1,509,832 provisions and contingencies 398,504 385,329 369,672 7 Operating profit before provisions and contingencies (3-6) 141,661 90,899 74,487 232,560 146,466 336,561 8 Provisions (other than tax) and 49,970 136,581 94,202 225,961 contingencies 76,653 59,928 9 Exceptional items - - - - - - 10 Profit (+)/Loss H from ordinary 52,264 activities before tax (7-8-9) 65,008 30,971 24,517 95,979 110,600 11 Tax expense 15,172 7,548 5,271 22,720 11,596 22,695 12 Net Profit (+)/Loss (-) from ordinary activities after tax before minority 49,836 23,423 19,246 73,259 40,668 87,905 interest (10-11) 13 Extraordinary items (net of tax - - - - - -expense) 14 Net profit (+)/Loss(-) for the period 40,668 before minority interest (12-13) 49,836 23,423 19,246 73,259 87,905 15 Less: Share of Minority Interest - - - . - - 16 Add: Share in Profit (+)/Loss(-) of - - - - - -associate 17 Profit after tax (14-15+16) 49,836 23,423 19,246 73,259 40,668 87,905 18 Paid-up equity share capital 61,302 61,811 (Face Value of~ 10/- each) 155,164 154,856 61,302 155,164 19 Reserves excluding revaluation 1,610,566 reserves 20 Minority interest - - - - . - 21 Analytical Ratios (i) Percentage of shares held by Nil Nil Nil Nil Nil Nil Government of India (ii) Earnings Per Share (EPS) - (Basic and Diluted)~ (a) - Basic EPS before/after 3.22 3.12 3.15 6.35 6.67 14.34 extraordinary items (not annualized) {b) - Diluted EPS before/after 3.19 3.08 3.11 6.30 6.59 14.09 extraordinary items (not annualized) - G] \-\l cr; 0 -- I e) l>'.t,\ K l.1,1./,, '0$S Oc; (/) 0 <e- y ~,, -..; A ·.:::· \·: I o C~ ered ~ I ( MUMBAI 5i ~ :t! ~ Accoun!ants g J Page 8 of 12 · - <::-,,.., ~'b •r1:,,d J -co~ *
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RBLBANK apno ka bank (Sub9idlary :Jf E'mlrates NBD Bank P.J.5 C) UNAUDITED CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES {~ in Lakh) As at Asat As at Particulars 30.09.2026 30.09.2025 31.03.2026 Unaudited Unaudited Audited CAPITAL AND LIABILITIES Capital 155,164 61,302 61,811 Employees stock options outstanding 18,947 16,970 17,527 Reserves and Surplus 4,171,284 1,533,763 1,593,086 Deposits 15,610,379 11,663,648 13,895,935 Borrowings 1,337,178 1,522,532 1,679,644 Other Liabilities and Provisions 935,915 605,814 826,689 Total 22,228,867 15,404,029 18,074,692 ASSETS Goodwill on Consolidation 4,068 4,068 4,068 Cash and Balances with Reserve Bank of India 1,024,682 1,083,880 1,401,159 Balances with banks and money at call and short notice 1,554,808 387,908 905,426 Investments (Net) 4,278,276 2,876,719 3,205,863 Advances (Net) 14,231 ,408 10,052,857 11,423,194 Fixed Assets 55,248 56,403 58,160 Other Assets 1,080,377 942,194 1,076,822 Total 22,228,867 15,404,029 18,074,692 Page 9 of 12
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RBLBANK apno ka bank (Subsidiary :,f £m lrat es NBD Bank P J.S C ; UNAUDITED CONSOLIDATED SEGMENT REPORTING FOR THE QUARTER AND HALF VEAR ENDED SEPTEMBER 301 2026 (~ in lakh) Consolidated Sr. Particulars Quarter ended Half year ended Vear ended No. 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited 1 Segment Revenue (a) Corporate/Wholesale Banking 243,404 217,526 182,831 460,930 356,242 750,095 (b) Retail Banking 449,184 419,979 414,470 869 ,163 808,168 1,651,066 (i} Digital Banking . - - - - - - {ii} Other Retail Banking 449,184 419,979 414,470 869,163 808,168 1,651,066 (cl Treasury 321,195 270,890 238,842 592,085 502,244 1,009,680 (d) Other Banking Operations 7,870 5,489 6,495 13,359 11,326 31,221 Total [Items (a) to (d)] 1,021,653 913,884 842,638 1,935,537 1,677,980 3,442,062 Less: Inter Segment Revenue 481,488 437,656 398,479 919,144 782,564 1,595,669 Total Income 540,165 476,228 444,159 1,016,393 895,416 1,846,393 2 Segment Results (Profit (+)/Loss(-) before tax) (a) Corporate/Wholesale Banking 25,199 21,855 19,260 47,054 30,939 81,841 (b) Retail Banking (16,045) (5,566) (499) (21,611) (15,467) (39,511) (i) Digital Banking . - - - - - - (ii) Other Retail Banking (16,045) (5,566} (499} {21,611} (15,467) {39,511} (c) Treasury 47,980 9,186 (779) 57,166 25,427 37,014 (d) Other Banking Operations 7,870 5,489 6,495 13,359 11,326 31,221 Total [Items (a) to (d)] 65,004 30,964 24,477 95,968 52,225 110,565 Less: i) Un-allocable income (4) (7) (40) (11) (39) (35) Total Profit/(Loss) Before Tax 65,008 30,971 24,517 95,979 52,264 110,600 3 Segment Assets Corporate/Wholesale Banking 7,550,160 6,297,516 4,770,119 7,550,160 4,770,119 5,617,842 Retail Banking 6,911,821 5,559,971 5,476,633 6,911,821 5,476,633 6,062,948 (i} Digital Banking . - - - - - - (ii} Other Retail Banking 6, 911,821 5,559,971 5,476,633 6,911,821 5,476,633 6,062,948 Treasury 7,438,526 6,368,371 4,956 ,994 7,438,526 4,956,994 5,935,107 Other Banking Operations 4,280 4,662 3,331 4,280 3,331 5,448 Unallocated 324,080 330,360 196,952 324,080 196,952 453 ,347 Total 22,228,867 18,560,880 15,404,029 22,228,867 15,404,029 18,074,692 4 Segment Liabilities Corporate/Wholesale Banking 6,326,366 5,024,090 4,823,936 6,326,366 4,823,936 5,952,639 Retail Banking 9,812,107 7,918,036 7,165,066 9,812,107 7,165,066 8,005,730 (i) Digital Banking . - - - - - - (ii} Other Retail Banking 9,812,107 7,918,036 7,165,066 9,812,107 7,165,066 8,005,730 Treasury 1,743,230 1,300,373 1,799,897 1,743,230 1,799,897 2,442,558 Other Banking Operations 425 672 640 425 640 794 Unallocated 1,344 20,056 2,455 1,344 2,455 547 Capital and Reserves 4,345,395 4,297,653 1,612,035 4,345 ,395 1,612,035 1,672,424 Total 22,228,867 18,560,880 15,404,029 22,228,867 15,404,029 18,074,692 Business Segments have been identified and reported taking into account the target customer profile , the nature of products and services, the differing risks and returns, the organisation structure, the internal business reporting structure, guidelines prescribed by the RBI and in accordance with the Accounting Standard 17 - "Segment Reporting". *The Bank do not have any Digital Banking Units (DBUs) as mentioned in the RBI circular dated April 7, 2022. The disclosure in respect to sub-segment DBU within the Retail Banking Segment is hence nil for the periods pertaining to the current and previous financial year. Page 10 of 12
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UNAUDITED CONSOLIDATED CASH FLOW STATEMENT Half Year ended Particulars 30.09.2026 Unaudited I Cash Flow from Operating Activities Net Profit/ (Loss) for the Year/period (before taxes) 95,979 Adjustments for:- (Less)/ Add : (Profit)/ Loss on Sale of Fixed Assets (Net) (36) Add : Non-Cash Expenditure Depreciation on Fixed Assets 11,329 Revaluation of investments 7,733 Provision/ write-off of non performing advances 156,055 Provision for standard assets and contingencies 5,694 Provision for investments (226) ESOP Reserve 4,112 Other provisions 23 Cash Flow before changes in Working Capital 280,663 Adjustments for working capital changes:- lncrease/(Decrease) in Deposits 1,714,444 lncrease/(Decrease) in Other Liabilities 103,509 (Decrease)/lncrease in Deposits placed having original maturity (136,653) greater than 3 months (lncrease)/Decrease in Investments (1,080,290) (lncrease)/Decrease in Advances (2,964,269) (lncrease)/Decrease in Other Assets 11,982 Direct Taxes paid (33,270) Net cash flow (used in)/ from Operating Activities (2,103,884) II Cash Flow from Investing Activities Addition to Fixed Assets and CWIP (8,771) Sale of Fixed Assets 391 Net cash flow (used in)/ from Investing Activities (8,380) Ill Cash Flow from Financing Activities Proceeds of share issue (including ESOPs) 2,606,016 Net Proceeds/ (repayments) from borrowings (342,466) Dividend paid (15,501) Net cash flow (used in)/ from Financing Activities 2,248,049 IV Effect of exchange fluctuation on translation reserve 466 V (Decrease)/ Increase during the Year/period 136,251 VI Opening Cash and Cash Equivalents* 2,306,582 VII Closing Cash and Cash Equivalents* 2,442,833 bRBLBANK apno ka bank (Si.Jbsidla,y of Emirates NBD Sank P.J SC) (~ in Lakh) Half Year ended Year ended 30.09.2025 31.03.2026 Unaudited Audited 52,264 110,600 9 18 12,247 24,694 4,570 4,598 134,339 280,959 (18,444) (11,495) (235) (576) 2,957 6,283 78 395 187,785 415,476 570,358 2,802,645 (19,289) 194,319 (13,750) 4,784 327,287 (1,635) (925,370) (2,442,327) (60,302) (200,877) (8,102) (14,568) 58,617 757,817 (8,743) (23,458) 463 965 (8,280) (22,493) 7,114 15,976 149,034 306,146 (6,126) (6,126) 150,022 315,996 1,043 3,412 201,402 1,054,732 11251,850 1,251,850 1,453,252 2,306,582 * Includes Cash and Balances with Reserve Bank of India and Balances with banks and money at call and short notice except deposits with original maturity greater than 3 months . . . ~ I & '~ 'd Acc Page 11 of 12
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RBLBANK apno ka bank (Subsidiary af £ mirat~ NBD a ank. :,_J 5 C j Notes: 1. The above consolidated financial results have been prepared in accordance with the principle set out in Accounting Standard 21 - Consolidated Financial Statements as prescribed by The Institute of Chartered Accountants of India. These financial results are reviewed by the Audit Committee and subsequently approved by the Board at its meeting held at Mumbai on October 12, 2026. 2. The consolidated financial results for the quarter and half year ended September 30, 2026 and September 30, 2025 have been subjected to "Limited Review" by the joint statutory auditors - KKC & Associates LLP, Chartered Accountants and Singhi & Co., Chartered Accountants who have issued an unmodified conclusion thereon . The consolidated financial results for the year ended March 31, 2026 were audited by the joint statutory auditors - KKC & Associates LLP, Chartered Accountants and Singhi & Co., Chartered Accountants who have issued an unmodified audit opin ion thereon . 3. The Bank has applied its significant accounting policies, in the preparation of these financial results, consistent with those followed in the annual financial statements for the year ended March 31, 2026. Any circular/direction issued by the RBI is implemented prospectively when it becomes applicable, unless specifically required under those circulars/directions. 4. The Board at its meeting held on October 18, 2025, approved the preferential allotment of equity shares to Emirates NBD Bank (P.J.S.C.) ("Emirates NBD"), representing 60% of the post-issue paid-up equity share capital of the Bank, and the Bank and Emirates NBD subsequently entered into an Investment Agreement (as amended). Pursuant to the approval granted by the RBI on April 1, 2026, Emirates NBD invested ~26,015.77 crore through the preferential allotment of 929,134,820 equity shares at ~280/- per share on June 18, 2026. In accordance with applicable regulations, Emirates NBD also completed a mandatory open offer to the public shareholders of the Bank. Following completion of the transaction , Emirates NBD holds 60% of the expanded paid-up equity share capital of the Bank, has been classified as its promoter, and the Bank has become a subsidiary of Emirates NBD. Further, the Board has, at its meeting held on October 18, 2025, approved a Scheme of Amalgamation of Emirates NBD Bank (P.J.S.C.) - India Branch with and into the Bank under Section 44A of the Banking Regulation Act, 1949 ('Scheme of Amalgamation'), with an appointed date of April 1, 2026, or such other date as may be fixed mutually by Emirates NBD Bank (P.J.S.c.)- India Branch and the Bank and sanctioned by the RBI subject to receipt of requisite statutory and regulatory approvals. The Scheme of Amalgamation was approved by the shareholders of the Bank at the Extraordinary General Meeting held on November 12, 2025 and is subject to RBI approval for which an application has been made by the Bank and Emirates NBD Bank (P.J.S.C.)- India Branch. 5. The consolidated financial results of the group comprise the financial results of RBL Bank Limited and its wholly owned subsidiary RBL Finserve Limited (RFL). 6. Other Income includes commission income from non-fund based banking activities, fees, earnings from foreign exchange and derivative transactions, and profit and loss (including revaluation) from investments . 7. The financial results are arrived after considering provision for standard assets including requ irements for exposures to ent ities with Un-hedged Foreign Currency Exposures, Non-Performing Assets (NPAs), and provision on investments, income-tax and other ,,,..,.1011111ry 1,1·n11i1irm1 8. During the quarter and half year ended September 30, 2026, the Bank allotted 3,084,448 and 4,396,257 shares pursuant to the exercise of stock options under its Employees Stock Option Scheme. 9. In accordance with RBI guidelines, consolidated Pillar 3 disclosure, leverage ratio, liquidity coverage ratio and net stable funding rat io will be available on the Bank's website at the following link : http://www .rbl.bank .in/Base1Disc1osures.aspx. These disclosures have not been subjected to audit or review by the jo int statutory auditors . 10. Previous period/year figures have been regrouped/reclassified , where necessary to conform to current period classification . Place: Mumbai Date: October 12, 2026 For RBL Bank Limited ramaniakumar Managing Director & CEO Page 12 of 12
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Singhi &Co. Chartered Accountants 161, Sarat Bose Road, Kolkata- 700 026 KKC & Associates LLP Chartered Accountants Level 19, Sunshine Tower, Senapati Bapat Marg, Elphinstone Road, Mumbai -400 013 Independent Auditors' Review Report on unaudited standalone financial results for the quarter and half year ended 30 September 2026 of RBL Bank Limited pursuant to the Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. To The Board of Directors of RBL Bank Limited 1. We have reviewed the accompanying statement of unaudited standalone financial results of RBL Bank Limited ('the Bank') for the quarter and half year ended 30 September 2026 ('the Statement'), being submitted by the Bank pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('the Listing Regulations'), except for the disclosures relating to Pillar 3 disclosures as at 30 September 2026, including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel Ill Capital Regulations as would be available on the Bank's website and in respect of which a link has been provided in Note 14 to the Statement and have not been reviewed by us. We have initialled the Statement for identification purpose only. 2. This Statement, which is the responsibility of the Bank's Management and approved by the Board of Directors of the Bank, has been prepared in accordance with the recognition and measurement principles laid down in the Accounting Standard 25 'Interim Financial Reporting'('AS 25'), prescribed under section 133 of the Companies Act, 2013, read with relevant rules issued thereunder, in so far as they apply to Banks, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bank of India (the 'RBI') from time to time (the 'RBI Guidelines') and other accounting principles generally accepted in India, and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review in accordance with the Standard on Review Engagements ('SRE') 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of the Bank's personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
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Singhi & Co. Chartered Accountants KKC & Associates LLP Chartered Accountants 4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in AS 25 prescribed under Section 133 of the Companies Act, 2013, read with relevant rules thereunder, the RBI Guidelines and other accounting principles generally accepted in India and has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement or that it has not been prepared in accordance with the relevant prudential norms issued by the RBI in respect of income recognition, asset classification, provisioning and other related matters, except for the disclosures relating to Pillar 3 disclosures as at 30 September 2026, including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel Ill Capital Regulations as would be available on the Bank's website and in respect of which a link has been provided in Note 14 to the Statement and have not been reviewed by us. For Singhi & Co. Chartered Accountants ICAI Firm Registration Number: 302049E Ankit Dhelia Partner ICAI Membership No.: 069178 UDIN:26069178WEZNON5483 Place: Mumbai Date: 12 October 2026 For KKC & Associates LLP Chartered Accountants (formerly Khimji Kunverji & Co LLP) ICAI Firm Registration Number: 105146W/W100621 ff Vinit KJain Partner ICAI Membership No.: 145911 UDIN: 26145911VNKNFQ6271 Place: Mumbai Date: 12 October 2026
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Singhi &Co. Chartered Accountants 161, Sa rat Bose Road, Kolkata- 700 026 KKC & Associates LLP Chartered Accountants Level 19, Sunshine Tower, Senapati Ba pat Marg, Elphinstone Road, Mumbai - 400 013 Independent Auditors' Review Report on unaudited consolidated financial results for the quarter and half year ended 30 September 2026 of RBL Bank Limited pursuant to the Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. To The Board of Directors of RBL Bank Limited 1. We have reviewed the accompanying statement of unaudited consolidated financial results of RBL Bank Limited ('the Parent Bank' or 'the Bank') and its subsidiary (the Parent Bank and its subsidiary together referred to as 'the Group') for the quarter and half year ended 30 September 2026 (the 'Statement'), being submitted by the Bank pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the 'Listing Regulations'), except for the disclosures relating to consolidated Pillar 3 disclosures as at 30 September 2026, including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel Ill Capital Regulations as would be available on the Bank's website and in respect of which a link has been provided in the Note 9 to the Statement and have not been reviewed by us. We have initialled the Statement for identification purpose only. 2. This Statement, which is the responsibility of the Bank's Management and has been approved by the Bank's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Accounting Standard 25 'Interim Financial Reporting' ('AS 25'), prescribed under section 133 of the Companies Act, 2013, read with relevant rules thereunder, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bank of India (the 'RBI') from time to time (the 'RBI Guidelines') and other accounting principles generally accepted in India, and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements ('SRE') 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.
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Singhi&Co. Chartered Accountants KKC & Associates LLP Chartered Accountants 4. The Statement includes the financial results of the following entities: Name of the Entity Relationship RBL Bank Limited Parent Bank RBL FinServe Limited Subsidiary 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review report of other auditor, referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in AS 25, prescribed under Section 133 of the Companies Act, 2013, read with relevant rules thereunder, the RBI Guidelines, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations including the manner in which it is to be disclosed, or that it contains any material misstatement, or that it has not been prepared in accordance with the relevant prudential norms issued by the RBI in respect of income recognition, asset classification, provisioning and other related matters except for the disclosures relating to consolidated Pillar 3 disclosures as at 30 September 2026, including leverage ratio, liquidity coverage ratio and net stable funding ratio under Basel Ill Capital Regulations, as would be available on the Bank's website and in respect of which a link has been provided in Note 9 to the Statement and have not been reviewed by us. 6. Further, the subsidiary company whose financial result reflects total assets of Rs. 27,636 lakh (before consolidation adjustments) as at 30 September 2026 and total revenues of Rs. 16,059 lakh and Rs. 32,648 lakh (before consolidation adjustments) and total net profit after tax of Rs.1,660 lakh and Rs. 3,653 lakh (before consolidation adjustments) for the quarter and half year ended 30 September 2026 respectively, and cash inflows (net) of Rs. 11,354 lakh for half year ended 30 September 2026, as considered in the Statement has been reviewed by KKC & Associates LLP (formerly Khimji Kunverji & Co LLP), one of the joint auditors of the Bank, whose review report has been furnished to us by the Parent Bank's Management and our conclusion on the Statement in so far as it relates to the amounts and disclosures included in respect of this subsidiary, is based solely on the review reports of the other joint auditor, and the procedures performed by us as stated in paragraph 3 above. Our conclusion on the Statement is not modified in respect of this matter with respect to our reliance on the work done and the review report of the other joint auditor. For Singhi & Co. Chartered Accountants ICAI Firm Registration Number: 302049E Ankit Dhelia Partner ICAI Membership No.: 069178 UDIN:26069178LLCMNH1189 Place: Mumbai Date: 12 October 2026 For KKC & Associates LLP Chartered Accountants (formerly Khimji Kunverji & Co LLP) ICAI Firm Registration Number: 105146W/Wl00621 ff VinitKJain Partner ICAI Membership No.: 145911 UDIN: 26145911JEWUNQS497 Place: Mumbai Date: 12 October 2026